When Will Altcoin Season Start: Here are the Possible Dates!

As reported by Kriptokoin.com, Bitcoin reached a new peak this week, breaking records. However, the market dominance of the leading cryptocurrency has started to decline. This situation has created excitement among investors that the Altcoin Season is approaching. Altcoins are starting to show that they have the power to shake Bitcoin's throne. This change in the market is causing investors to shift their focus to altcoins.

Bitcoin Dominance is Decreasing

Analysts have identified signs of decline in Bitcoin's market dominance. In particular, MikyBull Crypto noted that Bitcoin dominance is approaching a bearish MACD crossover. Historically, this crossover heralds the beginning of the Altcoin Season. Additionally, the analyst explained that this situation has accelerated with the post-election atmosphere. The post-election period typically sets the stage for a strong rally for altcoins.

Another analyst, named IncomeSharks, also supports this view. The analyst says that Bitcoin's dominance is decreasing and there is a momentum shift towards altcoins. He advises investors to invest in altcoins and hold them throughout the month of November. This strategy may enable positioning before the official start of the Altcoin Season.

When Does Altcoin Season Start?

The Altcoin Season Index indicates that the AltSeason has not yet fully begun. The index indicates that 75% of the top 50 altcoins should outperform Bitcoin. Currently, only 19 altcoins have surpassed Bitcoin. A more significant gain in altcoins would signal the official start of this season.

However, Bitcoin still has a significant impact. If institutional investors' interest in Bitcoin increases, the Altcoin Season may be postponed to a later date. This means that the gains investors expect from altcoins in the short term may be delayed. Market dynamics need to mature further for altcoins to start a strong rally.

Can Be Deferred to 2025?

If institutional interest in Bitcoin continues to grow rapidly, the Altcoin Season is likely to be postponed until 2025. Intense interest in BTC will reinforce Bitcoin's market dominance. This will cause altcoins to remain on hold for a while longer.

However, in the long run, investors' desire to increase altcoin diversity will continue. When market conditions turn in favor of altcoins, the Altcoin Season will come back stronger than expected. Therefore, investors should be prepared for both scenarios. However, it is important not to forget the volatile nature of the cryptocurrency markets. It is important for investors to consider this structure and risks when investing. In addition, investors need to conduct their own research.

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